HOW TO BUY SHIBA INU IN SLOVAKIA
Whether you are part of Crypto Telegram Channels or just watched TV during 2021, you have probably heard of Shiba Inu, yet another meme cryptocurrency. In this article, we will explain how to buy Shiba Inu tokens. But, in case you don't know what Shiba Inu is and want to know what the price predictions are, keep on reading till the end.
How to Open a Trading Account and Buy Shiba Inu Tokens
Opening a Crypto Wallet is a simple process that is fulfilled online and requires you to:
Upload an ID or Passport through a trading App that offers Shiba Inu tokens.
Once the Trading App approves the account, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (PayPal, PaySafe, Skrill, SafetyPay, Neteller, among many others). The available options to deposit funds will depend on each platform. In other words, you can open a Demo account, try the platform, and then decide whether to deposit money or not.
Buy Shiba Inu tokens.
Is it Easy to Buy Shiba Inu Tokens?
Well, it's a meme coin; it should be pretty straightforward. Crypto apps allow trading through optimized apps that grant easy and fast access to Crypto markets. Most of these platforms resemble a social network or any other phone app: They are designed so that the investor can learn and start trading very quickly, without the need for much prior knowledge. To buy Shiba Inu tokens, you have to:
open a trading account as explained before,
Search for "Shiba" at the App, and
press the "Buy" button.
And done, you officially own Shiba Inu tokens.
What is Shiba Inu?
It's nothing, just another meme crypto, born to crush Dogecoin. So, a meme coin trying to destroy another meme coin. The modern world we live in is indeed weird. It was created by an anonymous person or persons known as "Ryoshi" (After Bitcoin's "Satoshi Nakamoto", people behind these schemes believe that Asian names are the go-for option in terms of creator names).
The token gained popularity when "Ryoshi" locked 50% of his stake in Uniswap (an automated market maker), then "burned" the other half to Ethereum co-founder Vitalik Buterin for safekeeping.
What is Shiba Inu used for?
The token has no intrinsic value, and it is not even scarce; Shiba Inu coins are mined by people holding them. So, seriously, its only value is mere speculation, the idea that getting in early enough will make other people jump in, buy, and drive the price up. So, if you are one of the early adopters, congratulations, you may make a lot of money. But beware, if you are one of the laggards, you'll probably end up losing most of your investment.
Shiba Inu's Price Prediction
The meme cryptocurrency has surged by a ludicrous 60,000,000% till October 2021. So, who can precisely predict what will happen with it? It can go busted, or it can rise to 130 billion per cent. Anyone trying to tell you what the price will be is a liar. They will mention Dogecoin's price trajectory, but always remember that in finance, one of the most common phrases is "Past performance does not imply future performance". In plain English, the future doesn't look the same as the past. So your next question probably is:
Can I Make Money with Shiba Inu?
Well, you can. If the price skyrockets and you got Shiba Inu tokens before that, you would make money. It's basic math. However, the exact opposite could also happen. So beware. We won't stop you from buying the tokens; you probably already decided to go ahead. Just expect to lose your money, and don't put more money than what you can afford. If you make money, well, that's great. The banners on this article tell you which is the best platform to buy Shiba Inus in Slovakia. If you liked this article, click on them. Good luck.
Warning: EU's Supervisory Authorities opinion on Crypto Assets
As crypto-assets continue to attract public attention, the European Supervisory Authorities (EBA, EIOPA and ESMA – the 'ESAs') remind consumers that some crypto-assets are highly risky and speculative. As stated in the ESAs' February 2018 joint warning, consumers must be alert to the high risks of buying and/or holding these instruments, including the possibility of losing all their money.
Additionally, crypto assets come in many forms, but most remain unregulated in the EU. This means that consumers buying and/or holding these instruments do not benefit from the guarantees and safeguards associated with regulated financial services.
To conclude, Crypto Assets are complex instruments and come with a high risk of losing money rapidly. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.